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Paragraph 9 I1I2

(1)

If HMRC think it right because of special circumstances, they may reduce a penalty under this Schedule.

(2)

In sub-paragraph (1) “special circumstances” does not include—

(a)

ability to pay, or

(b)

the fact that a potential loss of revenue from a taxpayer is balanced by a potential over-payment by a taxpayer.

(3)

In sub-paragraph (1) the reference to reducing a penalty includes a reference to—

(a)

staying a penalty, and

(b)

agreeing a compromise in relation to proceedings for a penalty.

Annotations

Commencement

I1

Sch. 25 para. 9 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2(1)

I2

Sch. 25 para. 9 in force at 1.4.2026 for specified purposes by S.I. 2026/370, reg. 3(1)

Notes on Schedule 25

Modifications

C1

Sch. 25 applied (with modifications) (1.4.2026) by S.I. 2009/470, reg. 40(5)(6) (as inserted by The Education (Student Fees, Awards, Support and Loan Repayments) (Amendment) Regulations 2026 (S.I. 2026/130), regs. 1(4), 35(b))